5G Chipset Market is Likely To Touch USD 66.45 Billion by 2028: Grand View Research Inc.

 5G Chipset Market Growth & Trends

The global 5G chipset market size is expected to reach USD 66.45 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 69.1% from 2021 to 2028. The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost market growth over the forecast period. As such, the 5G chipset is turning out to be an integral part of modern telecommunication equipment. 5G chipsets can be found in the latest smartphones, laptops, base stations, modems, and routers. These chipsets are also being installed in connected vehicles deployed as part of autonomous vehicle systems to provide improved Vehicle-to-Everything (V2X) connectivity.

The growing popularity of 5G-enabled smartphones is emerging as a major factor that is estimated to propel market growth over the forecast period. Key smartphone manufacturers are responding to the growing demand for 5G smartphones by aggressively investing in vertical integration in order to diversify their businesses and augment revenues. For instance, in July 2019, Apple, Inc. acquired Intel Corporation’s smartphone modem business segment for USD 1.0 billion. The acquisition was primarily focused on developing 5G chipset components for Apple Inc.’s new upcoming 5G-enabled iPhone.

5G chipset components are expected to play a crucial role in smart city projects by facilitating seamless connectivity for smart infrastructure, smart grids, smart streetlights, and building energy automation devices. These chipsets are also poised to become an integral part of the manufacturing sector by enabling ultra-low latency and high-reliability connectivity for various critical applications, such as remote process monitoring and control. The growing deployment of these chipsets to provide robust connectivity for Machine to Machine (M2M) communications in the manufacturing sector is anticipated to drive the market over the forecast period.

With the rapidly spreading COVID-19, leading economies such as China, the U.S., and Japan have temporarily shut down their businesses and industrial operations. As a result, this has hampered the global 5G chipset production and sales. Thus, it is estimated to see a slowdown in the overall market growth during the forecast period. Furthermore, in key European countries, governments are facing major difficulties in progressing the 5G commercialization process in order to deliver enhanced data bandwidth to their people. For instance, currently, the France government has postponed the 5G auction process for telecom operators amid the outbreak of COVID-19 in the country. As a result, it is anticipated to impede the adoption of 5G devices in the country, thereby hampering the overall market growth over the forecast period.

Moreover, rising concerns over the security of the data being exchanged over fifth-generation networks are expected to hinder the market growth. Particularly in countries such as the U.S., the U.K., and Germany, governments are highly concerned about data security and privacy issues. Several governments have also drafted stringent regulations and policies to ensure the security of the data being transferred over fifth-generation networks.

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5G Chipset Market Report Highlights

• The U.S. market held a 93.3% share in 2020. This is attributed to the enormous investments in developing 5G chipsets by key market players such as Qualcomm Incorporated; Intel Corporation; and Qorvo, Inc.
• Asia Pacific is anticipated to register the highest CAGR from 2021 to 2028. The growth is attributed to rapidly increasing demand for 5G-enabled smartphones, along with the increasing massive investments in building 5G network infrastructure by key players, such as Huawei Technologies Co., Ltd.
• By deployment type, in 2020, the smartphones/tablets segment held the largest share of nearly 55.0% due to an initial focus on developing 5G chipsets for smartphone applications, such as accessing UHD video and Augmented reality (AR)/ Virtual Reality (VR) gaming
• Several key market players are significantly focusing on R&D investments to develop new 5G chipsets, such as multi-mode chipsets and single-mode standalone chipsets. This strategy is anticipated to help market players to expand their overall product portfolios and market presence

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5G Chipset Market Segmentation

Grand View Research has segmented the global 5G chipset market on the basis of frequency type, processing node type, deployment type, vertical, and region:

5G Chipset Frequency Type Outlook (Revenue, USD Million, 2019 - 2028)

• sub-6GHz
• mmWave
• sub-6GHz + mmWave

5G Chipset Processing Node Type Outlook (Revenue, USD Million, 2019 - 2028)

• 7 nm
• 10 nm
• Others

5G Chipset Deployment Type Outlook (Revenue, USD Million, 2019 - 2028)

• Telecom Base Station Equipment
• Smartphones/Tablets
  • Single-mode
    • Standalone
    • Non-standalone
  • Multi-mode
• Connected Vehicles
  • Single-mode
    • Standalone
    • Non-standalone
  • Multi-mode
• Connected Devices
  • Single-mode
    • Standalone
    • Non-standalone
  • Multi-mode
• Broadband Access Gateway Devices
  • Single-mode
    • Standalone
    • Non-standalone
  • Multi-mode
• Others
  • Single-mode
    • Standalone
    • Non-standalone
  • Multi-mode

5G Chipset Vertical Outlook (Revenue, USD Million, 2019 - 2028)

• Manufacturing
• Energy & Utilities
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• Healthcare
• Others

5G Chipset Regional Outlook (Revenue, USD Million, 2019 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA (Middle East & Africa)

List of Key Players of 5G Chipset Market

• Qualcomm Incorporated
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• MediaTek Inc.
• Infineon Technologies AG.
• Unisoc Communications, Inc.
• Xilinx Inc.
• Qorvo, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Yacht Market Projected to Discern Stable Expansion by 2028

 Yacht Market Growth & Trends

The global yacht market size is expected to reach USD 12.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities across the globe are expected to further drive the market.

The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. A significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high-net-worth individuals are also likely to contribute to the growth of the regional markets.

According to the World Bank, High-Net-Worth Individuals (HNWI) account for less than 1% of the world’s total population and more than 40% of the world’s total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.

The increasing adoption rate has compelled manufacturers to invest in research and development on building yachts using high-strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, the digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.

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Yacht Market Report Highlights

• The market is anticipated to experience a substantial CAGR of 5.2% on account of the growing emphasis on marine tourism
• The sports yacht segment is anticipated to register the highest CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
• The 20-to-50-meter length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
• Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to various initiatives undertaken by the government to boost marine tourism and the rising disposable income of individuals
• The novel coronavirus severely impacted the market during the initial months of the pandemic as governments imposed strict lockdowns across various regions globally
• The market is oligopolistic and is dominated by key players, such as Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a., Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited

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Yacht Market Segmentation

Grand View Research has segmented the yacht market report based on type, yacht length, propulsion, and region:

Yacht Type Outlook (Revenue, USD Million, 2017 - 2028)

• Super Yacht
• Flybridge Yacht
• Sport Yacht
• Long Range Yacht
• Others

Yacht Length Outlook (Revenue, USD Million, 2017 - 2028)

• Up to 20 Meters
• 20 to 50 Meters
• Above 50 Meters

Yacht Propulsion Outlook (Revenue, USD Million, 2017 - 2028)

• Motor Yacht
• Sailing Yacht

Yacht Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • India
  • China
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players in the Yacht Market

• Azimut Benetti S.p.A.
• Damen Shipyards Group
• Heesen Group
• The San Lorenzo S.p.a
• Sunseeker International
• Ferretti S.p.A.
• Alexander Marine International Co., Ltd. (AMI)
• Princess Yachts Limited
• Viking Yacht Company.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pressure Sensor Market Set to Witness an Uptick during 2021 to 2028: Grand View Research Inc.

 Pressure Sensor Market Growth & Trends

The global pressure sensor market size is expected to reach USD 24.48 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the growing application of pressure sensors in automotive, aviation, and consumer electronic appliances. The advancements in Microelectromechanical Systems (MEMS) technology and its rapid adoption in connected devices are expected to create opportunities for market growth over the forecast period.

Furthermore, increasing consumer preference for compact electronic appliances is creating the need for MEMS pressure sensors. MEMS is the technology that miniaturizes electro-mechanical and mechanical elements that are made using microfabrication techniques. Various companies are focused on providing MEMS pressure sensors for selective industries. For instance, Robert Bosch is providing MEMS pressure sensors for the consumer and automotive industries while Honeywell and NXP are focusing on automotive, medical, industrial, and aviation verticals.

Government bodies across the globe are making it mandatory to implement a tire pressure monitoring system, which is driving the demand for pressure sensors. For instance, in September 2020, the Ministry of Road Transport and Highways in India announced that the tire pressure monitoring system would become mandatory in India in the coming days. India's government is moving on the path of transforming the automotive industry to increase its contribution to GDP.

The COVID-19 pandemic is anticipated to impact market growth favorably in the near future. Heart failure is a major health problem and the leading cause of hospitalization in western countries. CardioMEMS is one of the therapeutic monitoring systems gaining traction in recent days. It is an advanced system that uses an implantable pulmonary artery pressure sensor. It was widely used for remote care for heart failure during the COVID-19 situation.

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Pressure Sensor Market Report Highlights

• In terms of product, the absolute pressure sensor segment is expected to retain its dominance over the forecast period. The growing demand for absolute pressure sensors in applications that demand the provision of low-pressure range for the measurement of the vacuum level in industries is expected to drive the segment growth
• In terms of type, the wired segment dominated the market in 2020 and is expected to witness growth over the forecast period. The growing demand for wired pressure sensors in the industrial and automotive sectors is driving the segment growth
• In terms of technology, the piezoresistive segment dominated the market in 2020. The development of Microelectromechanical Systems (MEMS) is anticipated to drive the piezoresistive pressure sensor segment growth over the forecast period
• In terms of application, the automotive segment dominated the market in 2020. Rapid growth in the usage of pressure sensors in the automotive industry, in equipment such as tire pressure measurement systems, exhaust gas recirculation systems, engine health management systems, and Pressure Monitoring Systems (TPMS), is expected to fuel the automotive segment growth
• The increasing adoption of pressure sensors in emerging economies such as China and India is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

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Pressure Sensor Market Segmentation

Grand View Research has segmented the global pressure sensor market on the basis of product, type, technology, application, and region:

Pressure Sensor Product Outlook (Revenue, USD Million, 2016 - 2028)

• Absolute Pressure Sensors
• Differential Pressure Sensors
• Gauge Pressure Sensors

Pressure Sensor Type Outlook (Revenue, USD Million, 2016 - 2028)

• Wired
• Wireless

Pressure Sensor Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Piezoresistive
• Electromagnetic
• Capacitive
• Resonant Solid-State
• Optical
• Others

Pressure Sensor Application Outlook (Revenue, USD Million, 2016 - 2028)

• Automotive
• Oil & Gas
• Consumer Electronics
• Medical
• Industrial
• Others

Pressure Sensor Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Russia
  • Nordic Region
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia

List of Key Players in the Pressure Sensor Market

• AlphaSense
• City Technology Ltd.
• Dynament Ltd.
• Figaro Engineering Inc.
• Membrapor AG.
• Nemoto & Co., Ltd.
• Robert Bosch LLC.
• ABB Ltd.
• Siemens AG.
• GfG Europe Ltd

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Glass Market Major Key Players And Latest Trend Analysis Till 2028

 Smart Glass Market Growth & Trends

The global smart glass market size is expected to reach USD 7.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2021 to 2028. The growing demand across the transportation and architectural sectors is expected to fuel the market growth over the forecast period. Moreover, the growing trend of using smart technology in new buildings has propelled the demand for smart glass products in the architectural sector.

Modern-day glass solutions offer on-demand privacy in the form of dynamic glazing or smart glass. The technologically-advanced products can turn from clear to opaque in no time. Furthermore, smart glass can help transform the indoor experience by providing an outside view and preserving environmental sustainability. As a result, the demand for smart glass in hospitals, restaurants, and commercial buildings is soaring. Moreover, residential buildings are getting renovated to make them more energy efficient, thereby providing new business avenues for glass manufacturers.  

The liquid crystal or PDLC smart glass technology segment is expected to grow at a substantial rate over the forecast period. The growth can be attributed to the operational feasibility of the technology offering a fast response time and optical translucency. Ultra-fast switching speed, low power consumption, and low haze are other benefits promoting manufacturers and product developers to increase the usage of liquid crystal glass in windows and partition walls. High stability for heat, UV, and moisture, low driving voltage, and long lifetime are the other factors driving the demand for PDLC smart glass.

Power generation is a key emerging application of smart glass technology. Researchers from Shanghai University have discovered the ideal material for smart windows that can convert sunlight into electricity. Smart windows designed to generate electricity could reduce the buildings' air-conditioning demand, making a sizeable environmental impact. Thus, architects and urban planners are increasingly focusing on the adoption of smart glass technology in new buildings.

The global market is highly competitive, with each manufacturer striving to provide superior products by differentiating them either on the basis of quality or service. Since smart glass is significantly costlier compared to its legacy counterpart, it is vital to ensure a good value proposition to gain market share. Smart glass manufacturers are focusing on integrating voice-activated controls in their products for window tinting. SAGE Electrochromics, Inc., a subsidiary of Saint-Gobain S.A., and Kinestral Technologies, Inc. are providing Amazon echo voice-activated technology for smart glass.

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Smart Glass Market Report Highlights

• The increasing number of stringent regulations, such as the green building initiative by the European Union and the Building Energy Conservation Act, is expected to drive the market over the forecast period
• The SPD technology segment is expected to register a significant growth rate during the forecast period. This can be attributed to its high functionality and pan-industry applications
• The recent trend of having large sunroofs and panoramic roof panels in luxury cars is expected to intensify the demand for smart glass in transportation applications
• Asia Pacific is an untapped market, which provides ample opportunity for smart glass manufacturers. The regional market is anticipated to register the highest CAGR of 9.0% during the forecast period

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Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Electrochromic
• Polymer Dispersed Liquid Crystal (PDLC)
• Suspended Particle Devices (SPD)
• Thermochromics
• Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2017 - 2028)

• Architectural
• Transportation
  • Automotive
  • Aircraft
  • Marine
• Consumer Electronics
• Power Generation

Smart Glass Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa

List of Key Players of Smart Glass Market

• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gauzy Ltd.
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• RavenWindow
• Research Frontiers Inc.
• Saint-Gobain S.A.
• Showa Denko Materials Co., Ltd.
• Smartglass International Limited
• VELUX Group
• View, Inc.
• Vision Systems

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Enterprise Governance, Risk and Compliance Market to Reflect Impressive Expansion by 2028

 

Enterprise Governance, Risk & Compliance Market Growth & Trends

The global enterprise governance, risk & compliance market size is expected to reach USD 97.3 billion by 2028, according to a new report by Grand View Research, Inc., recording a CAGR of 13.7% over the forecast period. The growing need to comply with regulations related to data privacy, business function, and IT infrastructure has compelled industries, such as BFSI, IT & telecom, and oil & gas, to adopt enterprise governance, risk & compliance (EGRC) solutions. For instance, the BFSI sector is required to comply with regulations that safeguard the interest of investors. Non-compliance can lead to huge monetary losses or cancellation of operating licenses.

Moreover, EGRC offers a range of benefits, such as efficient management of policies, audits, compliances, risks, and incident response, enabling companies to effectively safeguard their operations. All these factors are contributing to the growing demand for EGRC across enterprises. The integration of analytics and big data technology with EGRC solutions has resulted in enhanced operational features, offering new growth prospects for the market.

Potential advancements in big data, IoT, artificial intelligence, and cloud computing in GRC solutions are expected to augment the industry growth. The consequent need for regularly monitoring and analyzing the rising volumes of digital data to ensure data security and privacy protection, coupled with mandatory compliance are driving the demand for EGRC. Countries with continuously growing economies, such as China, Japan, India, Brazil, France, and Germany, often change or upgrade their regulations for international and national trades.

This requires enterprises to stay abreast with updated EGRC solutions and be wary of the potential risks of non-compliance. Advanced EGRC solutions are capable of handling data-driven GRC using big data, and data analytics tools. Moreover, appropriate governance ensures the economic growth and success of an enterprise. Robust corporate governance enables investors to maintain their confidence and helps enterprises in effectively raising funds.

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Enterprise Governance, Risk & Compliance Market Report Highlights

• The BFSI segment accounted for the largest market share in 2020 and is anticipated to record a CAGR exceeding 10.0% over the forecast period due to the stringent regulatory policies across the financial sector that safeguards public money and investor interest
• The compliance management segment is expected to register the fastest CAGR over the forecast period
• Compliance management is the essence of the EGRC solution, which monitors the changes in governance policies or updates in regulations to ensure compliance and prevent financial losses due to non-compliance
• North America led the global market in 2020 and is expected to maintain its dominance even during the forecast period
• The presence of many large-scale enterprises that are prone to financial and reputational losses due to risks of non-compliance and data theft are contributing to the market growth in North America

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Enterprise Governance, Risk & Compliance Market Segmentation

Grand View Research has segmented the global enterprise governance, risk & compliance market on the basis of component, software, services, enterprise type, vertical, and region:

EGRC Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

EGRC Software Outlook (Revenue, USD Million, 2016 - 2028)

• Audit Management
• Compliance Management
• Risk Management
• Policy Management
• Incident Management
• Others

EGRC Services Outlook (Revenue, USD Million, 2016 - 2028)

• Integration
• Consulting
• Support

EGRC Enterprise Type Outlook (Revenue, USD Million, 2016 - 2028)

• Small and Medium Enterprise (SME)
• Large Enterprise

EGRC Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Construction & Engineering
• Energy & Utilities
• Government
• Healthcare
• Manufacturing
• Retail & Consumer Goods
• Telecom & IT
• Transportation & Logistics
• Others

EGRC Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of Enterprise Governance, Risk & Compliance (EGRC) Market

• SAP SE
• MetricStream, Inc.
• Thomson Reuters
• Wolters Kluwer
• IBM
• Microsoft
• Oracle
• SAS Institute
• RSA Archer
• FIS
• Software AG
• SAI Global
• ProcessGene
• LogicManager
• NAVEX Global
• Ideagen
• Alyne
• MEGA International

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Wheelchair Market Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Wheelchair Market Growth & Trends

The global wheelchair market size is expected to reach USD 4.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The Americans with Disabilities Act (ADA) defines a wheelchair as a manually operated or automated device, designed primarily for use by an individual with a mobility disability. It is mainly used for the purpose of indoor or both indoor and outdoor locomotion. Increase in life span and numbers of elderly persons at a global level is one of the key reasons expected to contribute towards the growth of the market.

The growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs is a key impacting parameter, projected to support market growth. Wheelchairs today are incorporated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rise in number of disorders requiring a mobility device is also one of the key factors expected to contribute to market growth. One of the common disabilities that require a mobility device is the spinal cord injuries. According to the National Spinal Cord Injury Statistical Center’s Facts and Figures at a Glance 2020, there are around 294,000 people currently living with spinal cord injuries (SCI), in the U.S. with 17,810 new cases each year. Thus, the US is expected to be a key potential market for the manufacturers of the mobility device in the years to come.

The recent COVID-19 pandemic affected the manufacturing and supply chain aspect of the manufacturers to a great extent. Wheelchair services were halted across several countries owing to strict lockdowns being implemented. This had left many wheelchair users in a fix. The manufacturers also faced difficulty since their operations were halted. Although the number of hospital visits by regular patients had reduced during the lockdown, the number of patients affected with COVID-19 witnessed a spike. Thus, demand for the mobility device increased during this period, especially from the hospital segment. With the ease of lockdowns, the manufacturing operation of the mobility device is expected to come back to normal.

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Wheelchair Market Report Highlights

• The manual product segment led the segment in terms of revenue share in 2020 owing to its increasing use in hospitals. It is also cost-effective and requires little maintenance
• Rising volume of medical emergencies is a prime factor driving the hospital segment
• The adults segment was the largest in 2020 in terms of revenue share owing to rise in number of disabilities requiring a mobility device such as the spinal cord injuries and an expanding ageing population
• North America dominated the market with a revenue share of 35.0% due to increased adoption of advanced technology in wheelchairs and rise in the disabled population

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Wheelchair Market Segmentation

Grand View Research has segmented the global wheelchair market based on product, category, application, and region:

Wheelchair Product Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Electric

Wheelchair Category Outlook (Revenue, USD Million, 2016 - 2028)

• Adults
• Pediatric

Wheelchair Application Outlook (Revenue, USD Million, 2016 - 2028)

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

Wheelchair Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Wheelchair Market

• Carex Health Brands, Inc.
• Drive Medical Design & Manufacturing
• Graham-Field Health Products Inc.
• Invacare
• Medline
• Sunrise Medical LLC
• Karman Healthcare
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

HVAC Systems Market to Rise at 5.9% CAGR from 2021 to 2028: Grand View Research Inc.

 

HVAC Systems Market Growth & Trends

The global HVAC systems market size is anticipated to reach USD 197.50 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new study by Grand View Research Inc. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for the market. Furthermore, climate changes have rendered heating and cooling equipment a necessity rather than a luxury. Thus, the deteriorating climate condition is likely to positively influence the market over the forecast period. Proactive government initiatives will emerge as market growth drivers over the forecast period.

For instance, under the Taxpayer Relief Act of 2012 (U.S.)-2017, customers can apply for the Federal Energy Tax Credit. Similarly, Australia’s Department of the Environment and Energy has introduced the “discounted energy-efficient air conditioners for households program” that provides a discount ranging between USD 200 to USD 1,000 to New South Wales residents buying high-efficiency air conditioners for household purposes. Several governments worldwide introduce such initiatives to promote product adoption.

In addition, the market is expected to experience healthy growth owing to refurbishment and replacement demand. Several customers are replacing old equipment with new energy-efficient units for energy savings, improved performance, and cost reduction. The factors responsible for the replacement of the HVAC (Heating, ventilation, and air conditioning) unit are the system’s age, building remodeling, poor air quality, and high cost of repair.

The spread of the novel coronavirus in 2020 resulted in the shutting down of production plants across the globe in the first quarter. As a result, several major players recorded substantial revenue drop in the initial part of 2020. However, pent-up demand and increasing awareness about hygienic surroundings have resulted in higher product sales in recent times and are expected to continue in the subsequent years. Overall, the Covid-19 pandemic has had a minor impact on the market and the industry is expected to record steady growth in the years to come.

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HVAC Systems Market Report Highlights

• The cooling systems segment dominated the market in 2020 and is expected to retain the leading position in the future due to a rise in demand for air conditioning systems across several sectors
• With a steady increase in the global real estate sector, the residential segment captured significant revenue share in 2020
• The segment is expected to grow at a steady CAGR from 2021 to 2028 due to the rising demand from modern households in developing economies
• Middle East & Africa is anticipated to grow at a healthy CAGR over the forecast period owing to the increasing construction activities, growing tourism sector, and rising temperatures in the region
• Since the outbreak of coronavirus, key market players are focused on introducing products that can improve the air quality
• In February 2020, Havells India Ltd. launched Grande Heavy-Duty Air Conditioner under its brand Llyod. The AC features Catechine coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the air quality

Access Press Release of HVAC Systems Market@ https://www.grandviewresearch.com/press-release/global-hvac-systems-equipment-market

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market on the basis of product, end-use, and region:

HVAC Systems Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Heating
• Ventilation
• Cooling

HVAC Systems End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Commercial
• Industrial

HVAC Systems Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Latvia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• South America
  • Brazil
  • Argentina
  • Chile
• Middle East & Africa (MEA)

List of Key Players of HVAC Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

COVID-19 Drug Delivery Devices Market is Projected to Boost USD 2.15 Billion by 2027: Grand View Research Inc.

 COVID-19 Drug Delivery Devices Market Growth & Trends

The global COVID-19 drug delivery devices market size is expected to reach USD 2.15 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2022 to 2027. The market is expected to gain significant traction over the forecast period as various nasal drug delivery technologies for administrating COVID-19 vaccines are under clinical and pre-clinical development. For instance, in April 2020, Verndari, Inc. initiated the preclinical trials for coronavirus vaccine using its patented microneedle array dermal patch- VaxiPatch.

The nasal, dermal, and needle-free are alternatives to the traditional syringe vaccine platforms. These devices potentially reduce or eliminate needlestick injuries and reduce the associated treatment costs. According to the research article published in PLUS ONE Journal, November 2019, needlestick injury (NSI) is among a major burden in medical settings, leading to the transmission of infectious diseases, such as hepatitis and HIV.

According to the article published in StatPearls publishing, December 2019, around 2-4% of healthcare workers develop hepatitis C after suffering from needlestick injuries. The CDC further stated that needlestick injuries cost an estimated USD 3,042 per victim annually in the U.S.

Request a free sample copy or view report summary: COVID-19 Drug Delivery Devices Market Report

COVID-19 Drug Delivery Devices Market Report Highlights

• North America is anticipated to capture the largest share in 2021 owing to growing investment by government organizations for vaccine development, the surge in COVID-19 cases, and intensive R&D conducted by the key players
• By product, the prefilled syringe segment is expected to dominate the market in 2021 as these cost-effective delivery devices will be manufactured in bulk quantities for vaccine administration and will be the first among the approved products
• By route of administration, the parenteral segment is expected to dominate the market in 2021 as the injection devices are affordable and are among the easily available devices
• By distribution channel, the hospital pharmacies segment is expected to account for the largest market share in 2021 as these drug delivery devices require medical assistance for vaccine administration
• Market players are adopting several strategies such as significant investment in research and development and product innovation via collaborations with technology providers and universities to gain a significant share in the global market.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-covid-19-drug-delivery-devices-market

COVID-19 Drug Delivery Devices Market Segmentation

Grand View Research has segmented the global COVID-19 drug delivery devices market based on the product, route of administration, distribution channel, and region:

COVID-19 Drug Delivery Devices Product Outlook (Revenue, USD Million, 2020 - 2027)

• Prefilled Syringe
• Needle-free Injectors
• Inhalers
• Patch

COVID-19 Drug Delivery Devices Route of Administration Outlook (Revenue, USD Million, 2020 - 2027)

• Parenteral
• Nasal
• Dermal

COVID-19 Drug Delivery Devices Distribution Channel Outlook (Revenue, USD Million, 2020 - 2027)

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

COVID-19 Drug Delivery Devices Regional Outlook (Revenue, USD Million, 2020 - 2027)

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of COVID-19 Drug Delivery Devices Market

• AstraZeneca
• Johnson & Johnson
• Serum Institute of India
• GlaxoSmithKline plc
• Moderna
• Bharat Biotech
• Pfizer
• PharmaJet
• Novawax, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Preparative And Process Chromatography Market is Expected to Amplify USD 17.26 Billion Value by 2028

 Preparative And Process Chromatography Market Growth & Trends

The global preparative and process chromatography market size is expected to reach USD 17.26 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.65% from 2021 to 2028. High demand for monoclonal antibodies, coupled with the growing adoption of preparative chromatographic techniques in the bioprocessing industry, is anticipated to boost the revenue growth in the market over the forecast period.

Moreover, an increase in the number of R&D activities in the pharmaceutical and biotechnology industries is driving the adoption of liquid chromatographic techniques in downstream assays, resulting in the anticipated market growth. In addition, technological developments to advance the final product recovery in terms of yield accelerate and augment the uptake of these techniques across various applications.

Furthermore, expanding application of these techniques has propelled the key players to make strategic investments to increase their revenue share in the space. Companies are actively engaged in the development of new products to meet the changing consumer demands. For instance, in November 2020, Shimadzu Corporation launched “Advanced i-Series” HPLC. This is an improved flagship liquid chromatography model to support remote work.

Chromatography columns are gaining increasing attention in the global space. Companies involved in prepacked chromatography columns consistently innovate new products to gain a reputed market share. Moreover, the integration of preparative chromatography in COVID-19 vaccine development has created lucrative opportunities for the key players to capture the untapped avenues of the market.

Preparative chromatographic techniques are anticipated to register the fastest CAGR throughout the forecast period due to the increasing application in medical research and the drug approval process. The food end-use segment is estimated to exhibit the fastest CAGR over the forecast period owing to the high use of analytical techniques for food safety and food authentication assessment.

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Preparative And Process Chromatography Market Report Highlights

• By product, process chromatography accounted for the largest revenue share in 2020 owing to the growing research activities and adoption of automated systems in the field of biopharmaceuticals
• On the basis of type, the liquid chromatographic segment dominated the market in 2020 owing to the high demand for preparative HPLC in the therapeutic development process
• Based on end use, the pharmaceutical segment held the largest share in 2020 owing to increasing application in drug safety assessment as an analytical tool for qualitative and quantitative analysis
• North America dominated the market in 2020 owing to increasing investments in the development of new resin for the isolation and purification of vaccines. Extensive COVID-19 vaccine development efforts in the region have spurred the market growth as the process significantly relies on the use of chromatography for the characterization
• Asia Pacific is projected to witness the fastest growth over the forecast period. The growing biopharmaceutical sector in the region has increased the demand for antibodies and resins. Extensive R&D activities in the Asian pharmaceutical market result in the growing demand for chromatography products

Access Press Release@ https://www.grandviewresearch.com/press-release/global-preparative-process-chromatography-market

Preparative And Process Chromatography Market Segmentation

Grand View Research has segmented the global preparative and process chromatography market on the basis of product, type, end use, and region:

Preparative And Process Chromatography Product Outlook (Revenue, USD Million, 2017 - 2028)

• Process Chromatography
  • System
    • Multi-use Batch Chromatography Systems
    • Single-use Batch Chromatography Systems
    • Continuous Chromatography Systems   
  • Consumables
    • Reagents
    • Resins
      • Affinity Resins
      • Ion-exchange Resins
      • Size-exclusion Resins
      • Hydrophobic Interaction Resins
      • Reversed Phase Resins
      • Mixed-mode/Multi-mode Resins
    • Columns
      • Prepacked Columns
      • Automated Columns
      • Manual Columns
    • Services
  • Preparative Chromatography
    • System
      • Semi-preparative Chromatography Systems
      • Other Chromatography Systems
    • Consumables
      • Reagents
      • Resins
        • Affinity Resins
        • Ion-exchange Resins
        • Size-exclusion Resins
        • Hydrophobic Interaction Resins
        • Reversed Phase Resins
        • Mixed-mode/Multi-mode Resins
      • Columns
        • Prepacked Columns
        • Empty Columns
      • Services

Preparative And Process Chromatography Type Outlook (Revenue, USD Million, 2017 - 2028)

• Liquid Chromatography
  • HPLC
  • Flash/Column Chromatography
  • Ion-exchange chromatography
  • Size-exclusion chromatography
  • Affinity chromatography
• Gas Chromatography
• Thin Layer Chromatography
• Paper Chromatography
• Gel-permeation (Molecular Sieve) Chromatography
• Hydrophobic Interaction Chromatography

Preparative And Process Chromatography End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Pharmaceutical
• Biotechnology
• Food
• Nutraceutical
• Others

Preparative And Process Chromatography Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Preparative And Process Chromatography Market

• GE Healthcare
• Agilent Technologies
• Danaher Corporation
• Bio-Rad Laboratories Inc.
• Merck KGaA
• Thermo Fisher Scientific Inc.
• Shimadzu Corporation
• Novasep Holding S.A.S
• Waters Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Rapid Medical Diagnostic Kits Market Poised to Expand at a Robust Pace of USD 18.0 Billion Over 2028

 Rapid Medical Diagnostic Kits Market Growth & Trends

The global rapid medical diagnostic kits market size is expected to reach USD 18.0 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2021 to 2028. Rapid medical diagnostic kits enhance the speed of etiologic diagnosis of patients affected with chronic ailments. Moreover, speedy diagnosis is of paramount importance in individuals affected with infectious diseases. Thus, an increase in the number of manufacturers keen on exploring this space is driving the revenue in the market.

Key players are focusing on introducing novel medical supplies that require limited operational training, offer convenient usage, and ensure effective analysis. This is expected to propel the demand for rapid medical care among the industry’s target audience, which is inclusive of a general population affected with chronic diseases, coupled with the healthcare professionals determined to recommend an appropriate rapid medical evaluation.

The gradual shift toward point of care (POC) testing is also an important factor boosting the adoption of these test kits. Moreover, the recent pandemic outbreak of COVID-19 has piqued the interest of healthcare professionals in this industry space. High demand for portable testing kits in COVID-19 diagnostics is expected to make a significantly positive impact on the market expansion during the forecast period.

Novel rapid diagnostic tests are being developed that are expected to facilitate the prevention of infections along with antimicrobial stewardship. Newly developed tests are combined with Antimicrobial Stewardship (ASP) to optimize antimicrobial utilization as well as patient outcomes. Moreover, test kits with a broad scope of diagnosis and swift turnaround time are entering the space, offering lucrative opportunities for revenue growth.

For instance, in January 2021, Trinity Biotech’s Captia SARS-CoV-2 IgG ELISA rapid test secured the CE mark. The company has also stated that it has significant capacity for ELISA associated product manufacturewithin their current operations, aiding in speedy commercialization of this test kit across the globe.

Request a free sample copy or view report summary: Rapid Medical Diagnostic Kits Market Report

Rapid Medical Diagnostic Kits Market Report Highlights

• By product, over the counter (OTC) kits dominated the market in 2020 with a share of 54.3%. This is attributed to the routine adoption of OTC rapid diagnostic tests to ensure timely administration of an apt therapeutic intervention
• On the basis of technology, the lateral flow segment held the largest share of 35.1% in 2020. Convenient manufacturing protocols, coupled with low costs associated with the development, have led to the expansion of lateral flow assays into the rapid medical diagnostic market space
• The blood glucose testing application segment is estimated to expand at the fastest CAGR of 4.1% from 2021 to 2028. The imperative need for routine blood glucose monitoring in diabetic patients has contributed to the segment’s revenue generation capacity
• Based on end use, hospitals and clinics accounted for the largest revenue share in 2020 owing to the maximum adoption of rapid medical diagnostic kits
• Market entities are actively participating in the development of rapid medical test products to address the current pandemic outbreak of COVID-19, further intensifying the market competition

Access Press Release@ https://www.grandviewresearch.com/press-release/global-rapid-medical-diagnostic-kit-market

Rapid Medical Diagnostic Kits Market Segmentation

Grand View Research has segmented the global rapid medical diagnostic kits market on the basis of product, technology, application, end use, and region:

Rapid Medical Diagnostic Kits Product Outlook (Revenue, USD Million, 2017 - 2028)

• Over the Counter (OTC) Kits
• Professional Kits

Rapid Medical Diagnostic Kits Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Lateral Flow
• Agglutination
• Solid Phase
• Other Technologies

Rapid Medical Diagnostic Kits Application Outlook (Revenue, USD Million, 2017 - 2028)

• Blood Glucose Testing
• Infectious Disease Testing
• Cardiometabolic Testing
• Pregnancy and Fertility Testing
• Fecal Occult Blood Testing
• Coagulation Testing
• Toxicology Testing
• Lipid Profile Testing
• Other Applications

Rapid Medical Diagnostic Kits End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals & Clinics
• Home Care
• Diagnostic Laboratories

Rapid Medical Diagnostic Kits Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Rapid Medical Diagnostic Kits Market

• ACON Laboratories, Inc.
• Abbott Laboratories
• Artron Laboratories Inc.
• Alfa Scientific Designs, Inc.
• Becton, Dickinson and Company
• BTNX, Inc.
• bioMérieux SA
• Cardinal Health
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• Creative Diagnostics
• Meridian Bioscience, Inc.
• Hoffmann-La Roche AG
• McKesson Medical-Surgical, Inc
• Sight Diagnostics Ltd
• Trinity Biotech
• Zoetis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.